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Executive Summary

  • This week, Deborah Weinswig discusses the slowing of growth in two aspects of Amazon’s retail business, and wonders whether that might be the reason the online giant is bringing one-day delivery to the US.
  • Consumer spending in the US picked up in March while inflation eased to a one-year low, reinforcing the Federal Reserve’s patient stance on interest rates.
  • The UK’s competition regulator blocked Sainsbury’s proposed £7.3 billion ($9.4 billion) buyout of Walmart’s Asda, leading the grocery retailers to call off the merger.
  • Alibaba formally launched the three new versions of its smart speaker Tmall Genie: one built into a smart makeup mirror, another with a screen for streaming video aimed at Chinese families, and a third that can pair with a dashboard camera.

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